222
222
Oct 4, 2013
10/13
by
WMPT
tv
eye 222
favorite 0
quote 0
the other million represents the reduced sales taxes. >> can we make this up? what will it do to maryland's budget? >> for right now, i think we're fine, but, obviously, the longer it continues, it will suddenly have an adverse effect on our budget. not only are we talking about the 5 million in terms of revenue, there is an additional el nent when -- element when we look at the overall economic activity that businesses will feel a pinch from this. they'll probably experience a loss of around $13 million of lost economic activity for every day of the shutdown. so when you combine those, you're talking $20 million and, obviously, on a daily basis, we're talking real money. >> how does that affect us working as a state government? >> it is a big loss. from my revenue picture, it means we have less revenues to work with. i think the good thing is that the general assembly, when they met during the 2013 session, they did provide a pot of about $100 million to help us address the adverse impacts of sequestration. that pot of money is available. we can make a decisio
the other million represents the reduced sales taxes. >> can we make this up? what will it do to maryland's budget? >> for right now, i think we're fine, but, obviously, the longer it continues, it will suddenly have an adverse effect on our budget. not only are we talking about the 5 million in terms of revenue, there is an additional el nent when -- element when we look at the overall economic activity that businesses will feel a pinch from this. they'll probably experience a loss...
68
68
Oct 19, 2013
10/13
by
KQEH
tv
eye 68
favorite 0
quote 0
. >> reporter: whether than go through zoning and tax issues with a total tear down, they seek out homes in sought after locations they can get at a slight discount because they need work. >> this really came out great. >> reporter: this bought this one for $735,000, redid it inside and out and listed it for close to 2 million. it's riskier because it's priceyer but demand is there. >> you see foreign buyers coming in, all cash buyers. >> reporter: with so few homes on the market, some are canvassing older popular neighborhoods like this one and ringing doorbells to see if anybody wants to sell. >> it's a bigger up front risk and on the back end you have usually fewer buyers, but the pay off can be bigger. the average gross profit on a high-end flip is about $240,000, compared to about a $55,000 average profit on the lower end. >> it does make the backyard pop. >> reporter: american coastal, which is for now, just in southern california will flip between 30 and 50 homes this year. that thanks to a 50 million dollar infusion from colony capital and the family office. >> we're looking at p
. >> reporter: whether than go through zoning and tax issues with a total tear down, they seek out homes in sought after locations they can get at a slight discount because they need work. >> this really came out great. >> reporter: this bought this one for $735,000, redid it inside and out and listed it for close to 2 million. it's riskier because it's priceyer but demand is there. >> you see foreign buyers coming in, all cash buyers. >> reporter: with so few...
158
158
Jul 4, 2013
07/13
by
KRCB
tv
eye 158
favorite 0
quote 0
as much as we've seen a lot of clarity on the political front with the tax deal that we had earlier this year and we know for sure that has gone through, i think the next big thing for the markets and for the economy more generally is what happens in september, october when we have to get the budget deal done. if there's a risk of a government shut down, then i think that would possibly delay investment and hiring decision. similarly, if we do have the government breach it's limit, hit the debt ceiling without it being raised, that would increase volatility in the market. >> lots of good information. so good of you to come by. happy 4th of july. >> thanks for having me. >>> and one thing many feared would hurt the economy was the government's automatic budget cuts, better known as that sequester and while the sequester hasn't hood the dire impact so far that many had predicted, one thing has become clear, the defense sector is starting to feel the pinch. jane wells has more. >> reporter: here is what to watch for in the defense sector in the quarter ahead. pentagon cuts are slowly nippin
as much as we've seen a lot of clarity on the political front with the tax deal that we had earlier this year and we know for sure that has gone through, i think the next big thing for the markets and for the economy more generally is what happens in september, october when we have to get the budget deal done. if there's a risk of a government shut down, then i think that would possibly delay investment and hiring decision. similarly, if we do have the government breach it's limit, hit the debt...
105
105
Mar 16, 2013
03/13
by
KQED
tv
eye 105
favorite 0
quote 0
. >> reporter: as consumers see smaller paychecks after the payroll tax hike, higher gas prices are a reason for concern. >> not only are we paying everything extra, we're paying the tolls, everything is going up but people's salaries. >> i spent a lot of money on gas because of the amount i commute. you just got the pay it. >> reporter: in fact, 72% of americans say the fluctuations in gas prices have impacted their spending, and roughly 23% said they delayed a mayor purchase because of higher gas prices. >> 70% of the economy is based on consumer spending. so you have a trifecta. consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable. but how do the hig
. >> reporter: as consumers see smaller paychecks after the payroll tax hike, higher gas prices are a reason for concern. >> not only are we paying everything extra, we're paying the tolls, everything is going up but people's salaries. >> i spent a lot of money on gas because of the amount i commute. you just got the pay it. >> reporter: in fact, 72% of americans say the fluctuations in gas prices have impacted their spending, and roughly 23% said they delayed a mayor...
178
178
Jan 14, 2013
01/13
by
CNBC
tv
eye 178
favorite 0
quote 0
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
118
118
Jul 3, 2013
07/13
by
KRCB
tv
eye 118
favorite 0
quote 0
. >> reporter: add to that hopes by the president to reduce tax breaks for private plane's use for business and the flight plan for growth could hit turbulence, just as it was starting to regain altitude. >>> and finally tonight, the statute of liberty closed since super storm sandy flooded liberty island back in october will reopen to the public tomorrow, just in time to celebrate the 4th of july. officials are bracing for big crowds to visit the monument because it had been closed for more than a year to make repairs and reopen just a day before that storm hit. and for a woman whose nearly 127 years old, lady liberty looks pretty good, isn't she tyler? >> always does, always does. >> that's "nightly business report" for tonight, thanks for watchi watching. >> we'll be here tomorrow night for a special edition of "nightly business report." hope you join us. have a great night everybody. >>> "nightly business report" has been brought to you by -- >> sailing through the heart of historic cities and landscapes on a river you get close to iconic landmarks, to local life, to cultural treasures.
. >> reporter: add to that hopes by the president to reduce tax breaks for private plane's use for business and the flight plan for growth could hit turbulence, just as it was starting to regain altitude. >>> and finally tonight, the statute of liberty closed since super storm sandy flooded liberty island back in october will reopen to the public tomorrow, just in time to celebrate the 4th of july. officials are bracing for big crowds to visit the monument because it had been...
203
203
Oct 4, 2013
10/13
by
WETA
tv
eye 203
favorite 0
quote 0
a deal around that but democrats agreeing on some kind of down payment on entitlement spending and tax reform and republicans agree to get the government reopen again. >> stocks traded in a fairly narrow rage and the s&p 500 flat for the week and other indicators were stable, as well. yields on the ten-year treasury were stable at 2. 6% all week. with all this stability, traders took to calling this the what, me worry, rally? >> here is a what, me worry, look. the dow closed back above the critical 15,000 mark. the nasdaq up 33 and s&p added nearly 12 points. looking at the last 12 trading days, the dow and s&p posted gains for only three of them. >>> despite the federal budget stand off, some encouraging words about what this may mean for states and other muni ni municipalities. a short-term shutdown at the federal level wouldn't have a significant impact on the credit quality of states and local governments and even for non-profit healthcare centers and airports and roads and mass transit or public housing. >>> the impact of the shutdown is taking a big toll on some private manufactu
a deal around that but democrats agreeing on some kind of down payment on entitlement spending and tax reform and republicans agree to get the government reopen again. >> stocks traded in a fairly narrow rage and the s&p 500 flat for the week and other indicators were stable, as well. yields on the ten-year treasury were stable at 2. 6% all week. with all this stability, traders took to calling this the what, me worry, rally? >> here is a what, me worry, look. the dow closed...
557
557
Apr 12, 2013
04/13
by
CNBC
tv
eye 557
favorite 0
quote 0
net interest margin disappointing and a tax rate, penny tax, also adding to the numbers. so would you characterize these numbers as low quality? how can you add to the critics in terms of what we've been talking about all day as far as the disappointment here for the quarter? >> yeah, fair comments, maria. i think it's hard for me to conclude or hard for us to conclude that these are low-quality earnings. we just generated $5.2 billion of earnings, which was the highest earnings that we had in our history. and we've been in business for over 160 years. our earnings were up 22% year over year. earnings per share was up 23% year over year at 92 cents. that's our 13th consecutive quarter of earnings growth and our eighth consecutive quarter of record earnings. and notwithstanding the headwind that we had from mortgage orange nation revenues being down, we saw year over year loan growth, excuse me, of over $30 billion, deposit growth of over $50 billion, and when you look across the diversity of our business's wholesale banking, earning the highest amount in our history. depo
net interest margin disappointing and a tax rate, penny tax, also adding to the numbers. so would you characterize these numbers as low quality? how can you add to the critics in terms of what we've been talking about all day as far as the disappointment here for the quarter? >> yeah, fair comments, maria. i think it's hard for me to conclude or hard for us to conclude that these are low-quality earnings. we just generated $5.2 billion of earnings, which was the highest earnings that we...
69
69
Aug 19, 2013
08/13
by
KRCB
tv
eye 69
favorite 0
quote 0
he also has to admit wrongdoing in using $133 million in fund assets to pay his personal taxes. and secretly favoring certain fund customers over others. he said he's pleased to have settled with the fcc. >>> the fcc is also taking a look into hiring practices at jpmorgan chase. it's being investigated for employing children of influential chinese officials to win lucrative new business in that country. a case of mutual back scratching or something worse? >> reporter: in china, it's about who you know more than what you know. it's called gran chi, doing business with a close network of people to avoid deception and minimize risk. where the practice extends to hiring, u.s. regulators are investigating whether jpmorgan and other banks used connections to win business. jpmorgan references, quote, a request from the fcc commission seeking information and documents relating to the firm's employment of certain former employees in hong kong, and its business relationships with certain clients. according to "the new york times," the fcc is investigating the hiring process around two peo
he also has to admit wrongdoing in using $133 million in fund assets to pay his personal taxes. and secretly favoring certain fund customers over others. he said he's pleased to have settled with the fcc. >>> the fcc is also taking a look into hiring practices at jpmorgan chase. it's being investigated for employing children of influential chinese officials to win lucrative new business in that country. a case of mutual back scratching or something worse? >> reporter: in china,...
144
144
Mar 8, 2013
03/13
by
CNBC
tv
eye 144
favorite 0
quote 0
in the plan from both federal and state taxes. you typically in a lot of plans will get a matching contribution from your employer, but what we've learned about 401(k)s and i would say 401(k)s have evolved over the years and learned a lot particularly the last five or seven years is that we have to make it very easy for participants. it's not just completely do it yourself. what we have learned is that we don't want to just automatically enroll participants into the plan but we actually want to figure out ahead of time how are they going to replace their paycheck when they retire and what we've found to be very successful is when the employee has their first experience with the 401(k) it presents the answer rather than the question, and all they have to do is not take themselves out of the answer. we have found a very high acceptance rate with that, and treating it more like a normal pension plan in terms of the things that would be done, and in terms of how was the plan designed and how we slowly increased their savings over time
in the plan from both federal and state taxes. you typically in a lot of plans will get a matching contribution from your employer, but what we've learned about 401(k)s and i would say 401(k)s have evolved over the years and learned a lot particularly the last five or seven years is that we have to make it very easy for participants. it's not just completely do it yourself. what we have learned is that we don't want to just automatically enroll participants into the plan but we actually want to...
41
41
Feb 20, 2013
02/13
by
CNBC
tv
eye 41
favorite 0
quote 0
all of the dividends we talked about paid before tax rates went up. federal government didn't spend as much as previous quarter but in fact the fed notes that and says it is likely due it a drop in defense spending. gdp numbers confirmed it. fed agreed to keep up $85 million a month in mortgage backed security and treasury. members had varying timing and amount of asset buying. ester george, one of the newest members, did consent over to future imbalances. the folks are more optimistic about the economic outlook pap positive fed minutes. let's break it down right now. we have david kelly joining us. david, all in all looks like a read. very, very positive on this. do you believe though, this will cause the fed to either hike rates or slow or stop their asset purchases before they said they would? >> they are not clear exactly when they are going to do either of those things. i think later on this if the economic numbers continue to be good or okay. i think they will try and phase out this asset purchase plan. so i don't think they will continue to buy
all of the dividends we talked about paid before tax rates went up. federal government didn't spend as much as previous quarter but in fact the fed notes that and says it is likely due it a drop in defense spending. gdp numbers confirmed it. fed agreed to keep up $85 million a month in mortgage backed security and treasury. members had varying timing and amount of asset buying. ester george, one of the newest members, did consent over to future imbalances. the folks are more optimistic about...
394
394
Jan 24, 2013
01/13
by
CNBC
tv
eye 394
favorite 0
quote 0
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
40
40
Feb 27, 2013
02/13
by
CNBC
tv
eye 40
favorite 0
quote 0
payroll tax hike. ga gasoline prices. is sequestration going to be tough to pinpoint. >> given the way that retailers are really back end loaded. key one is the smallest quarter for retailers and we are talking about last year when february and march are be a normally warm. er with not seeing that again this year. so i think retailers don't have a 5 lot to go on from a weather perspective. and they certainly are trying to determine what is a tough comparison and then what the impact from higher bill roll taxes and over all political uncertainty. >> jessica, it is brian sullivan. i love your note because you said in the malls appear crowded and traffic is strong. are we overreacting to all these things. >> i wouldn't say it is overreaction. i think consumer is finally starting to feel that initial impact of the payroll taxes. we've seen a slight slow down in the traffic and sales trends in the last week but it did take uch until last week for us to finally see that. >> you know, jessica, fe are out to get a bit more stock
payroll tax hike. ga gasoline prices. is sequestration going to be tough to pinpoint. >> given the way that retailers are really back end loaded. key one is the smallest quarter for retailers and we are talking about last year when february and march are be a normally warm. er with not seeing that again this year. so i think retailers don't have a 5 lot to go on from a weather perspective. and they certainly are trying to determine what is a tough comparison and then what the impact from...
94
94
Mar 26, 2013
03/13
by
CNBC
tv
eye 94
favorite 0
quote 0
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> want to know who's making money in pharma stocks. rally on. a number of stocks highest levels in more than 11 years. among them, bristol-myers, valiant, allergen and
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with...
134
134
Jan 30, 2013
01/13
by
CNBC
tv
eye 134
favorite 0
quote 0
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the argument for munis against the argument for charitable deductions, against the argument for mortgage deductions, so i do think it's something that people need to be cautious about. as a result if i were an investor right now, i would be investing with a shorter duration. and i've said this a lot over the last couple of years, with all the things that have gone on, i would have a professional managing my municipal money, whether it's in a mutual fund, an etf or separately managed account. >> having said that, what are your picks, a few muni picks? >> i did lon
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the...
41
41
May 21, 2013
05/13
by
CNBC
tv
eye 41
favorite 0
quote 0
tax code, even if it means their tax bill here in the united states goes up. they want to do the right thing, but it's prohibitively expensive -- >> it's expensive, because they don't want to pay it. i'm not blaming apple, it's everybody. these are foreign entities with foreign money that happen to be set up by an american corporation. i would love to tell cnbc pay me in the cayman islands action and somehow i'll get the money back here, right? >> i you this the -- we show this fantastic chart compared to some other countries out there like australia or switzerland, 35% here in the united states, 30% in australia, it's much lower, australia. i think it's 12.5% in ireland. >> but that's wrong, because the effective rate is like 18. >> okay, this is base rate, right? >> nobody pays that. some companies pay -- >> i think in the interest of shareholder -- >> i sound like a -- >> -- creative legally tax way to structure it. >> of course, don't contribute to any society and we can all have a race to the bottom. i sound like a liberal. and you keep saying, let's go,
tax code, even if it means their tax bill here in the united states goes up. they want to do the right thing, but it's prohibitively expensive -- >> it's expensive, because they don't want to pay it. i'm not blaming apple, it's everybody. these are foreign entities with foreign money that happen to be set up by an american corporation. i would love to tell cnbc pay me in the cayman islands action and somehow i'll get the money back here, right? >> i you this the -- we show this...
51
51
Jan 17, 2013
01/13
by
CNBC
tv
eye 51
favorite 0
quote 0
but they also got a tax benefit, the tax rate was 23% versus the expected 27%. and then their guidance, they guided to a midpoint, intel, of $12.7 billion when the street was looking for $12.9 billion. the pc client group, one of the groups i pointed to as being important in advance of the earnings, that was down 6% year of year revenue wise to $8.5 billion. it was $8.6 billion a quarter ago. but you know, there's some other things that are questions. mainly, of course, what intel's plan is for mobility. they talked about design wins but we really haven't seen them take on folks like qualcomm in a meaningful way yet. they need to do that, part of doing that will be getting lte built into their chip solution, so, that's going to be one of the questions analysts will have. gross margins holding up relatively well at 58%, which is down from a year ago, but they are guiding to 60% gross margin for fiscal 2013. >> jon, thank you. he will fill us in with that conference call. dr. j, you are been looking at these, first of all, the earnings came out early. we don't kno
but they also got a tax benefit, the tax rate was 23% versus the expected 27%. and then their guidance, they guided to a midpoint, intel, of $12.7 billion when the street was looking for $12.9 billion. the pc client group, one of the groups i pointed to as being important in advance of the earnings, that was down 6% year of year revenue wise to $8.5 billion. it was $8.6 billion a quarter ago. but you know, there's some other things that are questions. mainly, of course, what intel's plan is for...
39
39
Dec 2, 2013
12/13
by
CNBC
tv
eye 39
favorite 0
quote 0
unclear how it would be with taxes but not registered in the united states. >> thank you. we'll see you tomorrow. >> i'll see you tonight on "fast." "closing bell" is up next. >>> welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. we need an 11-point gain on the dow to hit an all-time high. >> we won't get it. >> i don't think so. >> we're 50 points away. >> anything's possible. >> the s&p 500 looks a little better. barely positive, if it closed higher it will be a couple
unclear how it would be with taxes but not registered in the united states. >> thank you. we'll see you tomorrow. >> i'll see you tonight on "fast." "closing bell" is up next. >>> welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. we need an 11-point gain on the dow to hit an all-time high. >> we won't get it. >> i don't think so. >> we're 50 points away. >>...
107
107
Dec 2, 2013
12/13
by
CNBC
tv
eye 107
favorite 0
quote 0
. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000 confirmed enrollments from the states. that brings you to about 333,000. the big question now, though, is just what's happening on the back end, and sue, i can tell you insurers are still concerned they are not getting the right information when they get those transmittals over to them b. >> understandably so, bertha. thank you very much. we turn to that del re derailment. mary thompson is live on the scene in bronx, new york, with the continuing investigation. mary, over to you. >> reporter: what a difference a day makes. when we came in this morning -- we
. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000...
109
109
May 15, 2013
05/13
by
CNBC
tv
eye 109
favorite 0
quote 0
i think what we need is we need the administration, essentially tax policy and sequester policy to be amended so the fed can actually back off. that would be really healthy. the economy's growing pretty strong. and i expect the markets to move higher, through the end of the year, but i think we could get into some trouble if we don't see revenues perk up. >> doug, if i read this note about you correctly, it says you like all stocks in all markets and all classifications. are you throwing a dart at a dartboard? is that what you're doing? >> well, essentially, the market as a whole is reasonably priced. so i know you may think it's gone up too far, too fast, but we're looking at s&p, 14 1/2 times next year's numbers. we're looking at companies that are probably in the best shape, profitability wise, that they've been the decades, great balance sheets. the bottom line, in my opinion, is that investors are sitting on the sidelines with money in the mattress. and most of them can't meet their goals in a normal interest rate environment, much less a negative real interest rate environment.
i think what we need is we need the administration, essentially tax policy and sequester policy to be amended so the fed can actually back off. that would be really healthy. the economy's growing pretty strong. and i expect the markets to move higher, through the end of the year, but i think we could get into some trouble if we don't see revenues perk up. >> doug, if i read this note about you correctly, it says you like all stocks in all markets and all classifications. are you throwing...
66
66
Jan 10, 2013
01/13
by
CNBC
tv
eye 66
favorite 0
quote 0
and the tax exemption was recently saved in the late egs tax deal. let's bring in the queen of wall street, alexandra lelebenthal. congratulations on that fortune magazine mention. >> thank you. i left my crown at home. >> bring it by next time. so, before tax chemical shun is preserved, but if there's a cap on deductions, it can be brought back? >> that's right. so that all of your income, all of your deductions would be factored in and if you fall below the 28% tax bracket, then your tax exempt income isn't going to count below that. that's actually on the table again. we thought we had breathed a sigh of relief. anything could happen. the national governors association has come out this week and said they are strongly going to fight it. i mean, they are the ones that really would feel the effect of it by the higher borrowing costs. >> right. what are you advising childrens clients at this point? >> you kind of have that dichotomy. on the one hand, you have that, and the other hand, you have the reality that tax rates are going up. so, people are a
and the tax exemption was recently saved in the late egs tax deal. let's bring in the queen of wall street, alexandra lelebenthal. congratulations on that fortune magazine mention. >> thank you. i left my crown at home. >> bring it by next time. so, before tax chemical shun is preserved, but if there's a cap on deductions, it can be brought back? >> that's right. so that all of your income, all of your deductions would be factored in and if you fall below the 28% tax bracket,...
208
208
Jan 28, 2013
01/13
by
CNBC
tv
eye 208
favorite 0
quote 0
yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're go
yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're...
137
137
Jun 11, 2013
06/13
by
CNBC
tv
eye 137
favorite 0
quote 0
there's so many holes and inequities in the tax code. yes, people have to feel confident that the people that's administrating it is doing the right thing. >> right. >> so, yes, we have to find someone that the people trust to say to do it. but really, we should make an example out of anybody who took it upon their own to determine the political qualifications to enjoy a tax benefit. >> well, was it right for lois lerner to take the fifth? >> a former federal prosecutor, taking the fifth is the american right to do under the constitution. do people who take it have a stigma in having to be defensive, you bet your life they do. but it's a constitutional right to do, but people want to know. and she has a public service job. people look at people in public service, they have a higher standard, in my opinion, to respond. and she did. >> yeah. let me move on to the nsa story. we just mentioned edward snowden. is he a traitor or a hero? in your view? >> i think he's irresponsible, and i don't see how you can make him a hero. we have laws that
there's so many holes and inequities in the tax code. yes, people have to feel confident that the people that's administrating it is doing the right thing. >> right. >> so, yes, we have to find someone that the people trust to say to do it. but really, we should make an example out of anybody who took it upon their own to determine the political qualifications to enjoy a tax benefit. >> well, was it right for lois lerner to take the fifth? >> a former federal prosecutor,...
171
171
Jan 23, 2013
01/13
by
CNBC
tv
eye 171
favorite 0
quote 0
other income, 350 million and a tax rate of 26%. >> okay. gene in. >> it's actually kivon -- the numbers are disappointing on the iphone, slightly disappointing, but if you step back the expectations were for 41 billion in the mid-point of the revenue guide and did 42 so that was better. essentially this is what people had really expected absent the small disappointment on the iphone number, but it seems pretty -- actually pretty uneventful. it's directionally more negative than what we expected. >> you got 22.9 million ipads. what did you think? >> i think that's actually a really good number. it's better than what i expected. but the thing that catches me, apple may be worse than what we expected because they just eked out the number. >> even though the eps beat was really, really big. >> dan, how do you feel about watching the stock that you own a lot of down another 23 bucks and below 500 bucks? >> i mean, it's frustrating. this number, obviously, hoping for a blowout number after those verizon iphone numbers came in in terms of the new
other income, 350 million and a tax rate of 26%. >> okay. gene in. >> it's actually kivon -- the numbers are disappointing on the iphone, slightly disappointing, but if you step back the expectations were for 41 billion in the mid-point of the revenue guide and did 42 so that was better. essentially this is what people had really expected absent the small disappointment on the iphone number, but it seems pretty -- actually pretty uneventful. it's directionally more negative than...
85
85
Mar 19, 2013
03/13
by
CNBC
tv
eye 85
favorite 0
quote 0
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪
115
115
May 29, 2013
05/13
by
CNBC
tv
eye 115
favorite 0
quote 0
taxes for apple, but he wants to be able to bring that overseas cash home. that's a theme that you've been hitting on for quite a while. do you still feel that way and do you think we're any closer to getting some sort of a deal along those lines, with this administration? >> well, if you watch, the quickest stimulus we could have is bringing back $1 trillion back over the u.s. every exporting company in the u.s. does that. if you bring it back, apply 10% of it to a national infrastructure fund to build highways, et cetera, both political parties ought to get together on that. i have been not just disappointed, but almost shocked that that compromise hasn't been able to come, when it's so important to create jobs in america. and our job growth has been anemic. we shouldn't kid ourselves. the tax system is broken, but if i was trying to stimulate the economy quickly, this would be the easiest lever to pull and it would generate revenues for the government to apply to other capabilities as well. >> you don't sound optimistic, though. do you think it's going to
taxes for apple, but he wants to be able to bring that overseas cash home. that's a theme that you've been hitting on for quite a while. do you still feel that way and do you think we're any closer to getting some sort of a deal along those lines, with this administration? >> well, if you watch, the quickest stimulus we could have is bringing back $1 trillion back over the u.s. every exporting company in the u.s. does that. if you bring it back, apply 10% of it to a national...
71
71
Jan 30, 2013
01/13
by
CNBC
tv
eye 71
favorite 0
quote 0
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark zuckerberg talk about mobile. he really, you know, he kicked off the call emphasizing this was a really big year for mobile. emphasizing the fact now more people are using facebook on mobile every day than they use facebook on the desk top. he did acknowledge this was hard for facebook to navigate but they have sort of figured that out with apps and advertising. that we have a strong foundation and a lot of momentum. so, it is really interesting. he understands that mobile is really what facebook is all about now. just a couple of quick words about those numbers, facebook did beat on the top and bottom
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark...
89
89
Feb 13, 2013
02/13
by
CNBC
tv
eye 89
favorite 0
quote 0
nongap tax provision tax rate 21%. and they're guiding to nongap eps between 48 and 50 cents. that midpoint, of course, 49 se cents, that's exactly what the street were looking for. people were expecting worse news, i guess, because the stock went positive afterhours, had been down quite a bit. >> jon fortt, thank you so much. and we don't get guidance until the conference call. this is the first chance the stock has been able to react to actually a full earnings report here, guy. inline what whith what wall street was expecting. >> let's talk about how you trade the stock. i believe that things tend to repeat themselves. and in 2011, from the summer, into march of 2012, cisco traded from about 14 1/2 to 21 1/2 and then sold off and, again, this year, from mid-summer or so, we've seen the stock trade from about 16 to current level. so, here at 21 and a quarter, wherever it is, i'm saying, if you are looking to foray into cisco for the first time, i think there are better places to be. you're going to see a little bit of a selloff, look at it then. with current levels, if this
nongap tax provision tax rate 21%. and they're guiding to nongap eps between 48 and 50 cents. that midpoint, of course, 49 se cents, that's exactly what the street were looking for. people were expecting worse news, i guess, because the stock went positive afterhours, had been down quite a bit. >> jon fortt, thank you so much. and we don't get guidance until the conference call. this is the first chance the stock has been able to react to actually a full earnings report here, guy. inline...
35
35
Apr 17, 2013
04/13
by
CNBC
tv
eye 35
favorite 0
quote 0
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate rejecting a plan that would have expanded background checks. president obama is expected to deliver a statement on gun violence shortly. so let's go to john horwood with what we can expect. john, in terms of what we can expect, will that dog tail at all with the situation in boston? >> reporter: i don't think so. we know the president is going to be appearing with members of some families effected in newtown. we keep hearing from the white house, from vice president biden, from the senate democratic leadership that they don't consider this background check issue a dead letter even though it fell six votes short of br
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate...
339
339
Jan 22, 2013
01/13
by
CNBC
tv
eye 339
favorite 0
quote 0
frustrated about higher taxes? so is golf pro phil michelson who suggested, quote, drastic changes ahead for him because of tax pain. we're going to discuss whether rich people are really moving to avoid the tax man's blow. next. >> we have certainly stories on that. >> litter, a super conservative governor raises taxes to fund her state's responsibility for the new health care law. stick around. could happen in for states as well. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> you've probably heard by now golf phil michelson has apologized for those remarks that he said over the weekend when he said big changes would be coming in his own life due to his rising tax rate in california but didn't go so far as to say those changes were not coming with that apology. brian schactman has that story. >> well, you know, phil sa
frustrated about higher taxes? so is golf pro phil michelson who suggested, quote, drastic changes ahead for him because of tax pain. we're going to discuss whether rich people are really moving to avoid the tax man's blow. next. >> we have certainly stories on that. >> litter, a super conservative governor raises taxes to fund her state's responsibility for the new health care law. stick around. could happen in for states as well. at a dry cleaner, we replaced people with a...
184
184
Oct 17, 2013
10/13
by
CNBC
tv
eye 184
favorite 0
quote 0
on the other side of the aisle they don't want to cut entitlements or cut taxes. sounds like we are back at square one. and what, if anything, can be done to avert this same outcome in that case this time around? >> kelly, two things. first, as far as more revenue, that comes from economic growth, not higher taxes. we're willing to reform the tax code in a way that will actually create more economic growth and revenue from growth. also, as far as entitlements, look, we need to restructure entitlements to protect and preserve social security and medicare. we need to do it in a way where we aren't changing it for folks at or near retirement. but the demographics for younger people are different. but if we don't do these things, those programs aren't going to be financially and fiscally sound for the long run. those are the kind of changes we need to make on a bipartisan basis, republicans and democrats. >> senator, the economic growth that you're talking about that would raise revenue has just been harmed by the negotiations or lack thereof in washington over the la
on the other side of the aisle they don't want to cut entitlements or cut taxes. sounds like we are back at square one. and what, if anything, can be done to avert this same outcome in that case this time around? >> kelly, two things. first, as far as more revenue, that comes from economic growth, not higher taxes. we're willing to reform the tax code in a way that will actually create more economic growth and revenue from growth. also, as far as entitlements, look, we need to restructure...
53
53
Apr 18, 2013
04/13
by
CNBC
tv
eye 53
favorite 0
quote 0
tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is that the core business is still in that kind of high teen to 20% growth with stable margins, ebitda margin in the mid-30s range. i think to the point of jon mentioning enhanced campaign, they're trying to equalize the money that advertisers are spending on mobile as it relates to desk top. i think that's starting to work. we saw that a little bit with yahoo. i think we're going to see that with facebook in a couple of weeks. mobile advertising may be in the infancy is really starting to work and that was part of wha
tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is...
219
219
Jan 25, 2013
01/13
by
CNBC
tv
eye 219
favorite 0
quote 0
the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in other words who are the biggest stakeholders you want to reach that you haven't reached yet that haven't been as generous as they could? is this process harder as we see austerity taking place all around the world? >> well, the money that helps out the poorest overwhelmingly comes from government aid budgets and so what kind of priority that gets say in the u.s. budget process over the next four or five years i'd say is pretty unclear. will the generosity go up? will it be cut proportionately? or will it suffer a disproportionate cut, you know? unless we tell the aids story very well, you know, i'd be quit
the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in...